Bank of Marin Bancorp (BMRC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.67.

A number of research firms recently issued reports on BMRC. BidaskClub cut Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, September 15th. Zacks Investment Research cut Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Finally, ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.

Several institutional investors and hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC grew its stake in shares of Bank of Marin Bancorp by 66.2% during the 4th quarter. Confluence Investment Management LLC now owns 121,815 shares of the bank’s stock worth $5,023,000 after acquiring an additional 48,531 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Bank of Marin Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 335,756 shares of the bank’s stock worth $28,170,000 after acquiring an additional 3,751 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Bank of Marin Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock worth $28,170,000 after acquiring an additional 3,751 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Bank of Marin Bancorp by 4.9% during the 3rd quarter. AQR Capital Management LLC now owns 33,144 shares of the bank’s stock worth $2,781,000 after acquiring an additional 1,546 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of Bank of Marin Bancorp by 59.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 5,086 shares of the bank’s stock worth $427,000 after acquiring an additional 1,887 shares in the last quarter. 21.93% of the stock is owned by institutional investors.

NASDAQ BMRC opened at $42.40 on Friday. Bank of Marin Bancorp has a 52-week low of $31.75 and a 52-week high of $45.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $590.62 million, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.44 and a beta of 0.59.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, October 22nd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Bank of Marin Bancorp had a return on equity of 9.33% and a net margin of 24.21%. The business had revenue of $25.78 million during the quarter, compared to analysts’ expectations of $25.33 million. As a group, sell-side analysts expect that Bank of Marin Bancorp will post 2.24 earnings per share for the current year.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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